Key highlights:
- MetaMask unveiled the new Money Account for its users
- Users can spend funds directly through the MetaMask Card and Mastercard
- The new product combines yield, payments, and trading in one self-custodial account
MetaMask announced on Tuesday the launch of their new Money Account feature. This is a new self-custodial wallet that allows users to earn yield on stablecoins. They would also be able to make payments and use trading tools from a single platform.
It’s time to turn your money on.
Introducing the MetaMask Money Account. 🦊 pic.twitter.com/9p2bKlYIjo
— MetaMask 🦊 (@MetaMask) June 30, 2026
The move follows a new trend of crypto wallets turning into full financial hubs instead of just a simple storage solution.
MetaMask expands beyond crypto storage
The new Money Account is built on the Monad blockchain and would be centered on mUSD, the company’s dollar-pegged stablecoin.
According to the release, users can change stablecoins into mUSD and start earning returns directly. Deposits are expected to generate up to 4% variable APY. The funds would then be automatically distributed to different DeFi protocols. At launch, the funds would be hosted through Morpho, while support for Aave is expected to be added later.
In other words, instead of moving assets between different protocols manually, users can earn yield directly on the wallet while keeping all assets in one account.
Joe Lubin, founder and CEO of Consensys and co-founder of Ethereum, said the goal is to allow users to keep their assets working while still in control.
“For too long, the crypto experience has been fragmented: one place to trade, another to earn, another to spend. People build their wealth inside MetaMask, but until now they couldn’t keep it working here. With Money Account, that changes,” he said.
The stablecoin market has grown to over $310 billion, and companies in the crypto industry are looking for ways to connect these assets with traditional financial services.
Payments, trading, and yield in one account
The new account is designed to combine many financial functions that normally would require different platforms. For context, users can spend through the MetaMask Card at merchants that accept Mastercard. Purchases would go through directly from account balances without needing to take extra steps.
The account would also connect to trading services. This would allow users to make token swaps, access perpetual futures, and participate in prediction markets without moving their funds between wallets.
Some of its supported stablecoins are USDC, USDT, DAI, and aUSDT. These assets can be converted into mUSD at a one-to-one ratio without any conversion fee. Users can also purchase mUSD using debit cards, credit cards, or Apple Pay.
Additionally, ConsenSys maintained that mUSD would be backed one-to-one by U.S. dollars. It would also be built on short-term U.S. Treasury bills held in a regulated custody through Bridge. Notably, the wallet does not hold users’ private keys. This means the company cannot freeze or move any customer’s assets.
The launch also follows other recent expansions. Earlier this year, the crypto wallet provider introduced an early-access Agent Wallet that allows AI agents to do crypto tasks under user-approved permissions.
Also, last year, MetaMask launched its perpetual futures trading platform and announced plans to integrate prediction markets as it looks to expand its services.